CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 64,400 $ 16,200 Accounts receivable, net 27,800 34,400 Inventory 58,200 64,600 Prepaid expenses 3,600 2,900 Total current assets 154,000 118,100 Furniture 72,600 82,200 Accumulated depreciationFurniture (11,300) (6,200) Total assets $ 215,300 $ 194,100 Liabilities and Equity Accounts payable $ 10,100 $ 14,300 Wages payable 6,100 3,400 Income taxes payable 1,000 1,800 Total current liabilities 17,200 19,500 Notes payable (long-term) 20,700 47,800 Total liabilities 37,900 67,300 Equity Common stock, $5 par value 154,500 124,000 Retained earnings 22,900 2,800 Total liabilities and equity $ 215,300 $ 194,100 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $ 332,400 Cost of goods sold 213,900 Gross profit 118,500 Operating expenses (excluding depreciation) 60,700 Depreciation expense 25,600 Income before taxes 32,200 Income taxes expense 11,800 Net income $ 20,400 Furniture costing $57,200 is sold at its book value in 2021. Acquisitions of furniture total $47,600 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture.

Furniture
Beginning balance	82,200
Purchase of assets	47,600
Sale of assets		57,200
Ending balance	72,600
Accumulated Depreciation
Beginning balance		6,200
2021 depreciation		25,600

Ending balance		31,800

Cost
Accumulated depreciation
Book value (Cash received)